Man Infraconstruction saw a rise in quarterly net profit

Man Infraconstruction Ltd. showed an over-twofold rise in its standalone net profit to Rs 0.66 billion for the March quarter, increasing over Rs 0.29 billion during the fourth quarter of the last fiscal. The rise was seen on account of lower expenses.

EPC company Man Infraconstruction specialises in infrastructure, ports, commercial projects, institutions, IT projects, futuristic lifestyle homes, etc.

Man Infraconstruction reduced their expenditures from Rs 3.32 billion to Rs 1.14 billion in the previous year.In the fourth quarter of FY23, the firm reduced its cost of material..

Shree Cement incurs Rs 6.62 billion profit for Q4; beats expectations

Shree Cement, India's third-largest cement manufacturer by market capitalisation announced a fourth-quarter profit that exceeded, attributing it to increased volumes driven by lower cement prices. Typically, cement companies witness a surge in volumes in the March quarter as they reduce prices to clear year-end inventory backlogs.

Analysts had anticipated that reduced fuel costs would partially offset the decline in prices. Shree Cement's profit for the quarter ending March 31 reached Rs 6.62 billion, surpassing street forecasts of Rs 6.20 billion, as per LSEG data. This marked a si..

Revolutionizing Concrete Infrastructure: Ajax Engineering's Milestone

Ajax Engineering, a pioneering force in the construction industry, has reached a monumental achievement by becoming the first to export slip-form pavers, a cutting-edge technology that promises to revolutionize concrete infrastructure projects worldwide.

With a commitment to innovation and excellence, Ajax Engineering's slip-form pavers represent a quantum leap in the construction of concrete infrastructure. These state-of-the-art machines enable the seamless and precise pouring of concrete, ensuring unparalleled accuracy and efficiency in project execution.

Designed to meet ..

Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..